3901 Carmichael Ave
Jacksonville, FL 32207
River Region Medical · Office Property For Sale

Marcus & Millichap is pleased to present the opportunity to acquire River Region located in Jacksonville, FL. River Region offers a 15-year, double net (NN) lease featuring 2, 5-year renewal options with 3% annual rental increases. The subject property was fully renovated in 2018, including a new roof and HVAC units. The River Region Medical Center is located only three miles from downtown Jacksonville, and five miles from Jacksonville University. The tenant has been operating in Jacksonville since 1972. Located in Jacksonville, the property offers attractive demographics. The metro has a high population with home ownership above the national average and an educated population. Jacksonville’s access to road, rail, sea and air transportation has made it a transit hub for the Southeast with one of the largest ports in the region. It is also home to Naval Air Station Jacksonville and Mayport Naval Station which contribute to a large military presence in the market. It has a strong population growth that has outpaced that of the nation and attracts Fortune 500 companies. Jacksonville has stunning beaches and waterways, the largest urban park system in the country, several sports teams, cultural opportunities and museums.